UPDATE 1-Tanzanian LNG project delayed as government seeks to change terms [Yahoo! Finance]
Equinor ASA (EQNR)
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Source: Yahoo! Finance
LONDON, May 6 (Reuters) - Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said. The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources. Equinor and Shell are joint operators while Exxon Mobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners. The government said at the time that the cabinet would review the agreements the following month, but they have not yet been approved. Government spokesperson Mobhare Matinyi said Tanzania was still interested in working with the group of investors. "The proposed amendment to the Host Government Agreement intends to ensure that truly both sides benefit fairly in the whole deal and nothing else," Matinyi said in a st
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